Post by
hawkowl1 on Nov 08, 2011 7:28pm
NAE farmed out Lochend
TOL is the operator at Lochend .Great move by TOL management.
Interesting on how little skin insiders of TOL have in the company.
Perhaps TOL insiders have been buying now that news has been released?
Volume is well above normal with GMP leading the buying in November.
No shareholder holds more than 10%.
PMT owns 4%.
Any chance of an opportunistic bid by NAE?
They have 247 million in unused credit line.
They are priviliged to all data coming out from wells at Lochend.
And until recently TOL's share price was beaten down silly cheap.
It would not take much for NAE to quietly accumulate under 20%.
Comment by
cookster9 on Nov 09, 2011 9:25am
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